Nuveen Investments

Nuveen Investments at a Glance

Uppers

Downers

Average salaries

Diversity could be better

The Buzz

"Good bonds"

"Lesser known, old firm"

"Innovative"

"Very mediocre"

About Nuveen Investments

Branded billions

Founded in 1898 as John Nuveen & Company and acquired by
insurance conglomerate The St. Paul Companies in 1974,
Chicago-based Nuveen Investments has spent much of the past 100
years operating almost solely as a municipal-bond investment
banker. But recently, it has evolved into a complete money
manager, offering a full range of financial services through its
affiliates. Today, Nuveen provides investment advisory,
investment management, distribution and administration services to
its family of funds and high-net-worth and institutional
investors. The firm sells its funds through banks,
brokerages, insurance agents and other financial service
providers.

The strength of Nuveen's brand name products and the growth of the
company's high-net worth and institutional investment branches
brought the attention of some of the biggest players in the
market. This prompted a major shift in 2007 that brought
Nuveen into the increasingly crowded field of former public asset
managers that have been bought out by private-equity
companies.

A new launch

In April 2007, the firm announced the creation and IPO of the
Nuveen Multi-Currency Short-Term Government Income Fund.
According to the firm, the fund, which raised around $900 million
in its common share offering, will be "investing directly in
short-term international (non-U.S.) government debt securities, and
indirectly through the purchase of forward currency contracts and
other derivative instruments that offer exposure to the returns of
short-term international government securities."

A walk in the HydePark

In September 2007, Nuveen combined its equity index and
benchmark-based investment management activities into a new group
called the Nuveen HydePark Group. This was part of the firm's
attempt to expand its equity capabilities to institutional
investors. Nuveen Asset Management put Rob Guttschow and John
Gambla, two of its top portfolio managers, on the Nuveen HydePark
team in order to bolster the new group.